Mobile-based point-of-sale (PoS) startup, QueueBuster has raised Rs 63 crore or $8.16 million as a part of its fresh funding round led by Chiratae Ventures, Omidyar Network India and Flourish Ventures.
Alternative Investment Fund DMI Sparkle Fund and Unaprime Investment Advisors also participated in the round.
According to QueueBuster, it will utilise the funds to focus on merchant growth, product enhancements and scaling of its distribution network.
Founded in 2016 by Varun Tangri, QueueBuster is a full-stack mobile PoS application provider, which helps businesses to manage billing, inventory, daily ledger, and customer loyalty programs from a single application.
The startup claims to have processed over 1.1 million invoices worth over Rs 130 crore in May 2022. So far, they have recorded more than 12 million invoices worth over Rs 1000 crore on their app since January 2021.
